Slide 1: Advancing the world class Julimar PGE-Ni-Cu-Co-Au discovery
For personal use only ASX: CHN | OTCQB: CGMLF Advancing the world class Julimar PGE-Ni-Cu-Co-Au discovery Corporate Presentation 7 July 2021
Slide 2: Forward looking statements and competent person disclosure
Forward looking statements and competent person disclosure For personal use only This presentation does not include all available Information on Chalice Mining Limited and should not be used in isolation as • Make no representation, warranty or undertaking, express or implied, as to the adequacy, ac
Slide 3: A unique exploration specialist with a globally significant discovery
A unique exploration Julimar – a new high-grade PGE-Ni-Cu-Co-Au specialist with a globally discovery in WA significant discovery • Australia’s first major palladium discovery For personal use only • Emerging as a very large, strategic deposit of critical, ‘green metals’ in a world-class jurisdiction
Slide 4: Julimar is a 'green metals' discovery
Julimar is a ‘green metals’ discovery – metals which are needed to decarbonise the global economy and address climate change For personal use only Palladium Nickel Copper Platinum Used to remove nitrogen The key battery cathode Used extensively in the green Highly effective catalyst in oxides from e
Slide 5: Chalice has been a standout performer with ~5,000% TSR since Julimar discovery
Chalice has been one of the standout performers in the sector, with a ~5,000% TSR since the Julimar discovery For personal use only CHN Share Price Chart (A$/share) Inclusion in 10.00 S&P/ASX200 9.00 Large EM-soil anomalies at Hartog 8.00 7.00 Inclusion in S&P/ASX300 $115M placement & 6.00 $30M Capi
Slide 6: Julimar Nickel-Copper-PGE Project, Western Australia
Julimar Nickel- Copper-PGE Project For personal use only Western Australia JD019 core specimen at Julimar Ni-Cu-PGE Project, Nov-2020 6
Slide 7: High-grade PGE-Ni-Cu-Co intersected in the very first drill hole at Julimar
High-grade PGE-Ni-Cu-Co was intersected in the very first drill hole at Julimar – a remarkable new discovery which defined a new mineral province For personal use only • Greenfield project staked in early 2018 (100% owned) • First drill hole in March 2020 intersected 25m @ 8.5g/t Pd, 0.9g/t Pt, 0.1g
Slide 8: Julimar Project potential to deliver jobs, skills and economic diversification
The Julimar Project has the potential to deliver significant jobs, skills and economic diversification to the Wheatbelt region of WA For personal use only Environment • Numerous case studies of successful mining projects in or around State Forest areas in WA (Boddington, Alcoa WA, Worsley, Greenbush
Slide 9: Gonneville is the first discovery along a ~26km intrusive complex
The exceptional Gonneville PGE-nickel-copper-cobalt-gold discovery is just the first along a ~26km long intrusive complex For personal use only WA Julimar Complex • Interpreted ~26km long mafic- ultramafic intrusive complex Baudin, Jansz & Drummond Targets (untested) • Large AEM and Ni-Cu soil anoma
Slide 10: Gonneville is emerging as a very large, strategic deposit of critical metals
Gonneville is emerging as a very large, strategic deposit of critical metals, with a range of PGE-Ni-Cu-Co-Au mineralisation styles For personal use only • ~1.8km x 0.9km x >0.8km intrusion, open to the north and at depth, hosting: • Eleven shallow high-grade PGE-Ni-Cu-Co+/-Au zones (G1-G11, using >
Slide 11: Eleven high-grade zones with significant strike length
The eleven high-grade zones have significant strike length and extend from ~25m to ~550m below surface thus far (zones remain open) For personal use only 3D view looking north-west over the Gonneville Intrusion (grey) Max zone dimensions Strike Dip Zone extent extent G1 400m 390m G2 500m 400m G3 500
Slide 12: High-grade zones are Pd rich with variable Ni-Cu-Co-Pt-Au
The high-grade zones are Pd rich with variable Ni-Cu-Co-Pt-Au and in some places are up to ~40m thick For personal use only 3D view looking north-east over the Gonneville Intrusion (grey) >850 high-grade intersections to date (>1g/t Pd cut-off), including: • 25m @ 8.5g/t Pd, 0.9g/t Pt, 0.1g/t Au, 2.
Slide 13: Infill drilling continues to support the geological model
Infill drilling across multiple high-grade zones continues to support the geological model and robustness of the deposit For personal use only 13
Slide 14: Hartog Target is the highest priority within the Julimar Complex
Immediately north of Gonneville, the Hartog Target is the highest priority within the ~26km long Julimar Complex – drilling targeted in late Q3 2021 For personal use only Hartog • ~6.5km long gravity- AEM anomaly • ~30 ground EM conductors and multi-kilometre scale Ni-Cu soil anomalies, comparable t
Slide 15: Preliminary met testwork shows high Pd-Ni-Cu recoveries
Preliminary met testwork shows high Pd-Ni-Cu recoveries into two commercially attractive concentrates using conventional flotation For personal use only Locked-cycle testwork results on G1-G2 composite (head grade 3.7g/t Pd, 0.7g/t Pt, 0.15g/t Au, 0.63% Ni, 0.36% Cu, 0.04% Co), cycle no. 5 Copper-PG
Slide 16: Accelerated resource drilling and preliminary studies underway
Accelerated resource drilling and preliminary studies underway – aiming to define a maiden Mineral Resource in early Q4 2021 For personal use only 2021 Q1 Q2 Q3 Q4 Julimar State Forest Reconnaissance Ground EM, gravity and soil sampling exploration Environmental Stage 2 CMP1 assessment Access approv
Slide 17: Julimar kick-started the new West Yilgarn Ni-Cu-PGE Province
The Julimar discovery has kick-started the new West Yilgarn Ni-Cu-PGE Province, which could deliver more major discoveries For personal use only Narryer Terrane Narryer • Many of the ‘giant’ Ni-Cu-PGE sulphide deposits such as Norilsk, Jinchuan, Thompson and Voisey’s Bay are located proximal to the
Slide 18: Investment highlights
Investment highlights For personal use only Our PGE-Ni-Cu-Co-Au discovery at Julimar is emerging 1 as a very large, strategic deposit of critical, ‘green metals’ in Western Australia Significant exploration upside from the untested ~24km 2 of Julimar Complex and our dominant position within the new
Slide 19: Interactive 3D Model of the Julimar discovery
Interactive 3D Model: Take a 3D tour of our globally significant PGE-Ni-Cu-Co- Au discovery at the Julimar Project, Western Australia For personal use only Click here to explore Julimar in 3D 19
Slide 20: The Chalice Story - Appendix
The Chalice Story For personal use only Appendix 20
Slide 21: Corporate Snapshot
Corporate Snapshot For personal use only Top Shareholders1 Capital Structure and Financials Tim Goyder (Chairman) Equity listings Founder in 2006 Shares out. 346.9M Market capitalisation 11% ASX: CHN Shares (F/D) 361M ~A$2.8B (@ A$8.0ps) OTCQB: CGMLF Debt Cash2 Cash & Investments2 51% nil ~A$121M ~A
Slide 22: Company History
COMPANY HISTORY Since our 2006 IPO, we have acquired quality assets, advanced projects quickly and generated >A$110M in after-tax proceeds1 from asset sales For personal use only 2012 2020 Zara Gold Project in Major PGE-NI- Eritrea sold for Cu-Co-Au 2006 2016 ~US$114M (pre-tax) discovery at $7.5M ra
Slide 23: Chalice's portfolio including Julimar and generative opportunities
PORTFOLIO Chalice’s portfolio includes the exciting Julimar discovery in the new West Yilgarn Ni-Cu-PGE Province in WA + a pipeline of generative opportunities For personal use only Julimar Nickel-Copper-PGE Project, WA • New greenfield PGE-Ni-Cu-Co sulphide discovery in Mar-2020 1 • 25m @ 8.5g/t Pd
Slide 24: The Team
THE TEAM We are a dynamic and entrepreneurial group with a mix of technical and commercial expertise For personal use only Board of Directors Key Management Tim Goyder, Chairman Richard Hacker, CFO • 40+ year industry veteran with track record of success as an • Chartered Accountant with 20+ years e
Slide 25: 2021 Outlook
2021 OUTLOOK We are on track to define a maiden resource at Julimar, continue to build trust with our key stakeholders and leverage our discovery For personal use only Define a maiden JORC Mineral Resource Estimate and outline the potential for a commercially viable mining operation for the Gonnevil
Slide 26: Palladium Market
PALLADIUM MARKET The palladium price has surged with the introduction of China 5/6 emissions standards and the switch from Pt to Pd based catalytic converters For personal use only 26
Slide 27: Pyramid Hill Gold Project, Victoria
Pyramid Hill Gold Project For personal use only Victoria Drilling at Pyramid Hill Gold Project, Oct-2019 27
Slide 28: Why gold in Victoria? The prospect of another Fosterville
Why gold in Victoria? The prospect of finding another Fosterville Gold Mine For personal use only Northern Bendigo Zone (32Moz undiscovered gold endowment) N >60Moz Au produced since 1850’s from outcropping 50km South Bendigo Zone, at a avg grade of ~15g/t Au 90% of mines had a recovered grade >8.5g
Slide 29: Systematic value-add approach across >5,000km2 land holding
Chalice has adopted a systematic value-add approach across its >5,000km2 land holding – ‘find the big gold systems first’ For personal use only • Our Project covers hundreds of kilometres of prospective strike: • Muckleford (>300km) • Mt William (>75km) • Percydale (>40km) • Prior to Chalice most of
Slide 30: Hawkstone Nickel-Copper-Cobalt Project, Western Australia
Hawkstone Nickel-Copper- Cobalt Project For personal use only Western Australia 3030 Hawkstone field reconnaissance, Jun-2019
Slide 31: Hawkstone covers 1,800km2 in the frontier King Leopold Orogen
The Hawkstone Nickel-Copper-Cobalt Project covers 1,800km2 in the frontier and largely unexplored King Leopold Orogen of the west Kimberley For personal use only 600,000mE 700,000mE 800,000mE • Frontier province highly prospective for 8,200,000mN 50km magmatic Ni-Cu-Co sulphide deposits N • Minimal
Slide 32: Immediate focus is the Ruins Area with nickel sulphide targets
Chalice’s immediate focus is the Ruins Area, where several nickel sulphide targets have already been defined For personal use only • Merlin (IGO-Buxton) hosts drill intercepts in Ruins Dolerite with grades up to 8.14% Ni, 5.26% Cu and 0.69% Co1 • 11 airborne EM targets defined by Merlin (IGO-Buxton)
Slide 33: Connect with Chalice
For personal use only ASX: CHN | OTCQB: CGMLF Level 2, 1292 Hay Street CONNECT WITH CHALICE West Perth WA 6005, Australia +61 8 9322 3960 @chalicemining +61 8 9322 5800 info@chalicemining.com chalice-mining www.chalicemining.com